Hess Corporation (NYSE:HES) Closed 6.0% Above Its 50 Day Average

Cadence Capital Management Llc acquired 18,858 shares as Hess Corp (HES)'s stock declined 5.45%. The brokerage presently has a "hold" rating on the oil and gas producer's stock.

Several research firms have recently issued reports on HES. Neville Rodie & Shaw Inc now controls 4,612 shares with a value of $216,000. Swiss National Bank now owns 1,037,865 shares of the oil and gas producer's stock worth $45,531,000 after buying an additional 28,200 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in Hess Corporation by 0.3% during the second quarter.

Hess Corporation most recently reported earnings per share (EPS) of -$1.41 for the June 2017 versus -$1.1 in the same quarter past year, representing 28% growth. Oppenheimer Asset Management Inc. now owns 2,464 shares of the oil and gas producer's stock worth $108,000 after purchasing an additional 167 shares in the last quarter. Currently, 332.65 million total shares are owned by the public and among those 315.64 million shares have been available to trade. The portion of a company's profit allocated to each outstanding share of common stock was $1.98 a share in the trailing twelve months. Capital World Investors now owns 6,811,400 shares of the oil and gas producer's stock valued at $298,816,000 after purchasing an additional 119,241 shares in the last quarter. The stock has "Overweight" rating by JP Morgan on Thursday, December 8. Morgan Stanley reissued an "equal weight" rating on shares of Hess Corporation in a report on Saturday, September 16th. The stock saw a rise in short interest of 4.34% as of the latest report on September 15, 2017. Zacks Investment Research raised Hess Corporation from a "sell" rating to a "hold" rating in a report on Tuesday, September 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock.

The average Wall Street analyst rating for Hess Corporation is Hold, according to the average of 14 analyst scores.

COPYRIGHT VIOLATION WARNING: "Hess Corporation (HES) PT Set at $45.00 by BMO Capital Markets" was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & global trademark and copyright laws. (NYSE:HES). State Of Alaska Department Of Revenue invested in 4,758 shares or 0.01% of the stock.

In the transaction dated March 07, 2017, the great number of shares disposed came courtesy the Senior Vice President; Truelove Brian D. disposed a total of 2,128 shares at an average price of $51.03, amounting to approximately $108,592. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Gregory P. Hill sold 11,726 shares of the company's stock in a transaction dated Thursday, August 24th. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 21,599 shares of company stock valued at $873,466.

Hess Corp (NYSE:HES) institutional sentiment decreased to 1 in 2017 Q2. Hess Corporation has a one year low of $37.25 and a one year high of $65.56. The company's 50 day moving average is $42.42 and its 200 day moving average is $44.68. (NYSE:HES) last announced its earnings results on Wednesday, April 26th. The 50 day moving average went up $2.52 or +5.98% whereas the 200 day moving average was down $-0.15 or -0.34%.

Hess Corp. had a negative net margin of 126.59% and a negative return on equity of 7.51%. Analysts expect next quarter's EPS to be $-1.08 and the next full year EPS is projected to be $-3.50. The count of Hold ratings in that period was 1. Hess Corp. Hess Corp.'s revenue was up 28.4% compared to the same quarter past year. Additionally the company recently declared a dividend for shareholders that was paid on Friday June 30th, 2017. The company's quarterly EPS surprised Wall Street by as much as 5% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Also, insider Brian D. Truelove sold 6,000 shares of the stock in a transaction dated Monday, September 18th. This dividend amount was represent a yield of $2.24. Finally, Artisan Partners Limited Partnership boosted its stake in Hess Corporation by 9.6% during the second quarter.

Hess Corporation (HES) now the company's industry has 12.51 P/E and the sector P/E is 16.41. The Company is involved in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company's divisions include Exploration and Production, and Bakken Midstream.

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